Press release
Bonded Magnet Market Poised for Strong Expansion Across Motors, Sensors, and Actuator 2030
Bonded Magnet Market
Bonded Magnet Market Overview
Bonded magnets are manufactured through compression or injection molding techniques, offering advantages such as high dimensional accuracy, excellent geometric tolerance, multipole magnetization capability, and higher electrical resistivity compared to sintered magnets. Their ability to achieve complex shapes, combined with cost efficiency and lightweight properties, makes them ideal for a wide range of industrial and electronic applications.
With increasing adoption across automotive, consumer electronics, medical devices, data storage, and renewable energy sectors, bonded magnets are becoming an essential component in modern manufacturing ecosystems worldwide.
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Bonded Magnet Market Dynamics
The bonded magnet market is shaped by rising demand from automotive electrification, miniaturization of electronic components, and expanding data storage applications.
The increasing penetration of electric vehicles, wind energy systems, and smart electronics has significantly boosted the use of rare-earth bonded magnets. The affordability and design flexibility of bonded magnets compared to sintered alternatives further strengthen their market position.
However, the availability of high-performance sintered magnets and rising raw material costs present moderate challenges to market expansion over the forecast period.
Key Drivers of Growth
Growing Electric Vehicle Adoption - Lightweight and efficient bonded magnets are increasingly used in EV motors, sensors, and actuators.
Expansion of Consumer Electronics Industry - Rising demand for compact and high-performance devices drives bonded magnet usage in smartphones, speakers, HDDs, and printers.
Advancements in Data Storage Technologies - Increasing deployment of HDDs and HAMR-based magnetic storage systems fuels magnet demand.
Cost and Design Advantages - Superior shape flexibility, multipole magnetization, and lower manufacturing costs compared to sintered magnets.
Renewable Energy Growth - Rising use in wind turbines and energy-efficient motors.
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Segment Analysis
By Product Type
Ferrite Magnets - Dominant due to low cost and stable performance
Rare Earth Magnets (NdFeB, SmCo) - Fast-growing segment driven by high-performance applications
Others (Alnico, SmFeN, Hybrid Magnets) - Niche applications requiring specialized properties
By Application
Sensors
Motors
Hard Disk Drives (HDDs)
Level Gauges
Instrument Panels
Copier Rotors
Fuel Filters
Magnetic Couplings
By Process
Injection Molding
Compression
Extrusion
Calendaring
By End-Use Industry
Automotive
Electrical & Electronics
Industrial
Medical
Power Generation
Regional Analysis
North America
Driven by strong automotive electrification, medical device manufacturing, and advanced electronics production. Sustainability initiatives and renewable energy investments further boost market growth.
Asia Pacific
The fastest-growing region, led by China, Japan, South Korea, and India. Rapid industrialization, expanding EV production, and dominance in electronics manufacturing position APAC as the global production hub for bonded magnets.
Europe
Growth supported by stringent environmental regulations, automotive innovation, renewable energy expansion, and advanced healthcare infrastructure. Strong R&D investments drive continuous technology improvements.
Middle East & Africa / South America
Emerging demand from industrial automation, power generation, and automotive sectors with gradual market expansion.
Opportunities
Rising EV and hybrid vehicle production
Expansion of renewable energy installations
Growth of miniaturized medical and electronic devices
Increasing adoption of advanced data storage technologies
Development of high-temperature and corrosion-resistant bonded magnets
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Future Outlook
The Bonded Magnet Market is expected to witness steady and sustainable growth through 2030, supported by electrification trends, digital transformation, and renewable energy deployment. Technological advancements in printing, injection molding, and composite magnet formulations will further enhance product performance and application scope.
Asia Pacific will continue to dominate production and consumption, while North America and Europe remain strong innovation hubs. The shift toward lightweight, compact, and energy-efficient systems will keep bonded magnets central to future industrial development.
Leading Global Players
Arnold Magnetic Technologies
Alliance LLC
Dexter Magnetic Technologies
TDK Corporation
Adams Magnetic Products
SDM Magnetics Co., Ltd.
Ningbo Yunsheng Co. Ltd.
Advanced Technology Materials Co. Ltd.
MMC Magnetics Corp
Dura Magnetics, Inc.
MP Materials
VACUUMSCHMELZE GmbH & Co. KG
Hitachi, Ltd.
Magnequench International, LLC
Stanford Magnets
Viona Magnetics
MS-Schramberg GmbH & Co. KG
RHEINMAGNET Horst Baermann GmbH
Frequently Asked Questions (FAQs)
Q1. What is the market size of the Bonded Magnet Market in 2023?
Q2. What is the projected market size by 2030?
Q3. What is the growth rate of the Bonded Magnet Market?
Q4. Which segment dominates the market?
Q5. Which region leads the global market?
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